Schwab U.S. Large-Cap ETF

SCHX • ARCA

Schwab U.S. Large-Cap ETF is an exchange-traded fund on ARCA. As of Q3 2025, 1,397 institutional investors hold shares in this ETF, with total holdings valued at $28.6B. US BANCORP \DE\ is the largest holder with a position valued at $5.4B.

Overview

Overview of institutional ownership in SCHX as of Q3 2025

All Institutions

Institutions: 1,397
Value Held: $28.6B
Shares Held: 1.09B
Avg Position: $20.5M
Median Position: $1.1M

Hedge Funds

Hedge Funds: 16
Value Held: $1.1B
Shares Held: 42.0M
Avg Position: $69.1M
Median Position: $1.4M

Biggest Investors

Institutions with the largest positions in SCHX as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
$US BANCORP \DE\ logo$ US BANCORP \DE\ Institution	Gunjan Kedia CEO	$5.4B 6.42% of portfolio	205.7M shares	≤ Q2 2013 Held for 12y 5m+	$84.3B
Creative Planning RIA/Wealth	Peter Alex Mallouk CEO	$2.1B 1.63% of portfolio	80.7M shares	Q4 2013 Held for 11y 11m	$130.86B
MONETA GROUP INVESTMENT ADVISORS LLC RIA/Wealth	Eric Michael Kittner CEO	$916.1M 7.30% of portfolio	34.8M shares	Q3 2015 Held for 10y 2m	$12.5B
HBK Sorce Advisory LLC Hedge Fund•Multi-Strategy	Matthew Atcheson Leffers President	$897.0M 21.96% of portfolio	34.0M shares	≤ Q2 2013 Held for 12y 5m+	$4.1B
S SEI INVESTMENTS CO Institution	-	$826.9M 0.89% of portfolio	31.4M shares	Q4 2017 Held for 7y 11m	$93.0B
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	-	$775.4M 0.52% of portfolio	29.4M shares	Q3 2013 Held for 12y 2m	$149.83B
SAGE FINANCIAL GROUP INC RIA/Wealth	Alan Jeffrey Cohn President	$658.8M 44.81% of portfolio	25.0M shares	Q4 2013 Held for 11y 11m	$1.5B
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC RIA/Wealth	James Loren Cahn Chairman	$514.3M 0.79% of portfolio	19.4M shares	Q4 2014 Held for 10y 11m	$65.5B
HPM Partners LLC RIA/Wealth	Kurt Patrick Miscinski President	$496.9M 0.81% of portfolio	18.9M shares	Q4 2020 Held for 4y 11m	$61.7B
CAPTRUST FINANCIAL ADVISORS RIA/Wealth	James Fielding Miller CEO	$486.8M 1.00% of portfolio	18.5M shares	Q3 2017 Held for 8y 2m	$48.9B

Net Capital Flow

Institutional buying and selling activity for SCHX in Q3 2025

Net Flow: −$231.6M
Buyers: 487
Sellers: 607
Total Bought: +$737.8M
Total Sold: −$969.4M
Avg Position: $20.9M

Biggest Buyers

Institution	Net Bought	Current Position
Farther Finance Advisors, LLC RIA/Wealth	+$64.1M +2.4M shares	$76.1M 2.9M shares
MONETA GROUP INVESTMENT ADVISORS LLC RIA/Wealth	+$47.6M +1.8M shares	$916.1M 34.8M shares
Modern Wealth Management, LLC RIA/Wealth	+$46.4M +1.8M shares	$47.8M 1.8M shares
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	+$42.6M +1.6M shares	$775.4M 29.4M shares
Visionary Wealth Advisors RIA/Wealth	+$40.6M +1.5M shares	$44.7M 1.7M shares
BANK OF AMERICA CORP /DE/ Institution	+$39.0M +1.5M shares	$242.4M 9.2M shares
A Advisor Group Holdings, Inc. Institution	+$35.3M +1.3M shares	$69.7M 2.7M shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$32.0M +1.2M shares	$57.0M 2.2M shares
L LPL Financial LLC Institution	+$31.0M +1.2M shares	$216.5M 8.2M shares
HENDERSON GROUP PLC Institution	+$16.0M +607.7K shares	$301.0M 11.4M shares

Biggest Sellers

Institution	Net Sold	Current Position
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$243.5M −9.2M shares	$108.5M 4.1M shares
S SEI INVESTMENTS CO Institution	−$120.5M −4.6M shares	$826.9M 31.4M shares
FIDELIS iM, LLC RIA/Wealth	−$31.7M −1.2M shares	$3.9M 149.3K shares
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	−$28.7M −1.1M shares	$272.6M 10.3M shares
Prime Capital Investment Advisors, LLC RIA/Wealth	−$23.9M −908.0K shares	$268.2M 10.2M shares
Creative Planning RIA/Wealth	−$22.2M −843.7K shares	$2.1B 80.7M shares
$US BANCORP \DE\ logo$ US BANCORP \DE\ Institution	−$20.0M −758.2K shares	$5.4B 205.7M shares
Kingstone Capital Partners Texas, LLC RIA/Wealth	−$19.7M −804.9K shares	Sold Off 0 shares
Foundations Investment Advisors, LLC RIA/Wealth	−$18.8M −714.4K shares	$10.0M 378.0K shares
Betterment LLC RIA/Wealth	−$17.5M −664.6K shares	$476.3M 18.1M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited SCHX in Q3 2025

New Positions: 56
New Value: $253.0M
Exited Positions: 53
Exited Value: $66.6M

New Positions

Institution	Position Value
V VANTAGEPOINT INVESTMENT ADVISERS LLC Institution	$200.0M 7.6M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	$21.1M 799.3K shares
SYKON CAPITAL LLC RIA/Wealth	$11.3M 429.8K shares
WJ Financial Advisors LLC RIA/Wealth	$4.0M 150.9K shares
BRIDGES INVESTMENT MANAGEMENT INC RIA/Wealth	$2.1M 78.3K shares
Northwest Bancshares, Inc. Institution	$1.7M 64.1K shares
SLT Holdings LLC RIA/Wealth	$1.4M 51.3K shares
GENERAL RE NEW ENGLAND ASSET MANAGEMENT INC Insurance Manager	$1.0M 39.7K shares
M My Personal CFO, LLC RIA/Wealth	$745.4K 28.3K shares
Impact Capital Partners LLC RIA/Wealth	$734.9K 27.9K shares

Exited Positions

Institution	Previous Position
Kingstone Capital Partners Texas, LLC RIA/Wealth	$19.7M 804.9K shares
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	$8.7M 357.4K shares
True North Advisors, LLC RIA/Wealth	$5.9M 242.7K shares
Siligmueller & Norvid Wealth Advisors LLC RIA/Wealth	$5.5M 221.3K shares
G GTS SECURITIES LLC Institution	$3.0M 122.3K shares
Jackson Creek Investment Advisors LLC Long Only Manager	$2.8M 114.4K shares
Ballast, Inc. RIA/Wealth	$2.6M 107.1K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$2.4M 100.1K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.4M 97.6K shares
Victrix Investment Advisors RIA/Wealth	$2.3M 93.2K shares

Options Activity

Institutions with the largest Call and Put options positions in SCHX as of Q3 2025

Call Positions: 2
Call Value: $1.7M
Put Positions: 1
Put Value: $310.8K

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.1M 417.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$584.7K 222.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$310.8K 118.0 contracts

Most Committed Institutions

Institutions with SCHX as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
R Raine Group LLC Institution	-	76.13% $9.6M	364.0K shares	Q1 2023 Held for 2y 8m	$12.6M
FSA Investment Group, LLC RIA/Wealth	James Andrew Webb CIO	60.40% $96.9M	3.7M shares	Q4 2024 Held for 11 months	$160.4M
SAGE FINANCIAL GROUP INC RIA/Wealth	Alan Jeffrey Cohn President	44.81% $658.8M	25.0M shares	Q4 2013 Held for 11y 11m	$1.5B
Sherwood Financial Partners, LLC RIA/Wealth	Hannah Elizabeth Oaks Boundy Managing Partner	32.68% $37.5M	1.4M shares	Q4 2024 Held for 11 months	$114.6M
SIMS INVESTMENT MANAGEMENT, LLC RIA/Wealth	Cory Kenneth Sims Managing Partner	32.06% $88.6M	3.4M shares	Q4 2024 Held for 11 months	$276.4M
Diversified Enterprises, LLC RIA/Wealth	Nathan Michael Dingler Managing Partner	29.27% $434.1M	16.5M shares	Q3 2024 Held for 1y 2m	$1.5B
Northwest Quadrant Wealth Management, LLC RIA/Wealth	Tyler Coughlin Simones Managing Partner	29.12% $137.9M	5.2M shares	Q4 2016 Held for 8y 11m	$473.5M
Elite Life Management LLC RIA/Wealth	Christopher Mark Allegretti CEO	26.01% $12.7M	483.5K shares	Q4 2023 Held for 1y 11m	$49.0M
Richardson Capital Management LLC RIA/Wealth	Scott Patrick Richardson President	23.60% $49.7M	1.9M shares	Q4 2023 Held for 1y 11m	$210.4M
HBK Sorce Advisory LLC Hedge Fund•Multi-Strategy	Matthew Atcheson Leffers President	21.96% $897.0M	34.0M shares	≤ Q2 2013 Held for 12y 5m+	$4.1B

Hedge Fund Spotlight

Discover hedge funds investing in SCHX

Fortis Capital Management LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerMichael Robert Boroughs

Portfolio Value: $710.3M
Positions: 176
Last Reported: Q3 2025

Sector Allocation

Position in Schwab U.S. Large-Cap ETF

Market Value: $33.3M
Shares Held: 1.3M
Portfolio Weight: 4.69%
Owned Since: 2019-Q4

Top Holding	Sector	Market Value	Weight
1 Microsoft MSFT	Software - Infrastructure Technology	$161.5M	22.74%
2 SCHX Schwab U.S. Large-Cap ETF SCHX	ETF ETF	$33.3M	4.69%
3 Nvidia NVDA	Semiconductors Technology	$25.5M	3.59%

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